Icon Plc Stock Market Value
| ICLR Stock | USD 291.82 0.20 0.07% |
| Symbol | ICON |
ICON PLC Price To Book Ratio
Is ICON PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ICON PLC. If investors know ICON will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ICON PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.816 | Earnings Share 7.41 | Revenue Per Share 98.904 | Quarterly Revenue Growth 0.053 | Return On Assets 0.0383 |
The market value of ICON PLC is measured differently than its book value, which is the value of ICON that is recorded on the company's balance sheet. Investors also form their own opinion of ICON PLC's value that differs from its market value or its book value, called intrinsic value, which is ICON PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ICON PLC's market value can be influenced by many factors that don't directly affect ICON PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ICON PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICON PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICON PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ICON PLC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to ICON PLC's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of ICON PLC.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in ICON PLC on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding ICON PLC or generate 0.0% return on investment in ICON PLC over 30 days. ICON PLC is related to or competes with Oric PharmaceuticalsI, Anebulo Pharmaceuticals, Cullinan Oncology, C4 TherapeuticsInc, Molecular Partners, Mineralys Therapeutics, and AN2 Therapeutics. ICON Public Limited Company, a clinical research organization, provides outsourced development and commercialization ser... More
ICON PLC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure ICON PLC's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess ICON PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.092 | |||
| Maximum Drawdown | 12.8 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 2.18 |
ICON PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ICON PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ICON PLC's standard deviation. In reality, there are many statistical measures that can use ICON PLC historical prices to predict the future ICON PLC's volatility.| Risk Adjusted Performance | 0.0855 | |||
| Jensen Alpha | 0.1396 | |||
| Total Risk Alpha | 0.0531 | |||
| Sortino Ratio | 0.1358 | |||
| Treynor Ratio | 0.1425 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ICON PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ICON PLC Backtested Returns
We consider ICON PLC very steady. ICON PLC holds Efficiency (Sharpe) Ratio of 0.0881, which attests that the company had a 0.0881% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for ICON PLC, which you can use to evaluate the volatility of the entity. Please check out ICON PLC's semi deviation of 1.11, and Market Risk Adjusted Performance of 0.1525 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. ICON PLC has a performance score of 6 on a scale of 0 to 100. The firm retains a Market Volatility (i.e., Beta) of 1.66, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ICON PLC will likely underperform. ICON PLC now retains a risk of 1.92%. Please check out ICON PLC expected short fall, and the relationship between the maximum drawdown and rate of daily change , to decide if ICON PLC will be following its current trending patterns.
Auto-correlation | 0.74 |
Good predictability
ICON PLC has good predictability. Overlapping area represents the amount of predictability between ICON PLC time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ICON PLC price movement. The serial correlation of 0.74 indicates that around 74.0% of current ICON PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 115.01 |
ICON PLC lagged returns against current returns
Autocorrelation, which is ICON PLC stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting ICON PLC's stock expected returns. We can calculate the autocorrelation of ICON PLC returns to help us make a trade decision. For example, suppose you find that ICON PLC has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
ICON PLC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If ICON PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ICON PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ICON PLC stock over time.
Current vs Lagged Prices |
| Timeline |
ICON PLC Lagged Returns
When evaluating ICON PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ICON PLC stock have on its future price. ICON PLC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, ICON PLC autocorrelation shows the relationship between ICON PLC stock current value and its past values and can show if there is a momentum factor associated with investing in ICON PLC.
Regressed Prices |
| Timeline |
ICON PLC Investors Sentiment
The influence of ICON PLC's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ICON. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ICON PLC's public news can be used to forecast risks associated with an investment in ICON. The trend in average sentiment can be used to explain how an investor holding ICON can time the market purely based on public headlines and social activities around ICON PLC. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ICON PLC's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ICON PLC's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ICON PLC's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ICON PLC.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ICON PLC in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ICON PLC's short interest history, or implied volatility extrapolated from ICON PLC options trading.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out ICON PLC Correlation, ICON PLC Volatility and ICON PLC Alpha and Beta module to complement your research on ICON PLC. To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for ICON Stock analysis
When running ICON PLC's price analysis, check to measure ICON PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICON PLC is operating at the current time. Most of ICON PLC's value examination focuses on studying past and present price action to predict the probability of ICON PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICON PLC's price. Additionally, you may evaluate how the addition of ICON PLC to your portfolios can decrease your overall portfolio volatility.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Stocks Directory Find actively traded stocks across global markets | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |
ICON PLC technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.